Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Fairness and equity restored to KiwiSaver

Friday, December 12th, 2008

Fairness and equity restored to KiwiSaver

Fairness and equity between employees who join KiwiSaver and those who don't has been restored in Parliament, says David Lowe, Manager of Employment Services for the Employers and Manufacturers Association (Northern).

"EMA welcomes protections to ensure employees cannot have their pay reduced because of KiwiSaver," Mr Lowe said.

"Under Trevor Mallard's law passed without consultation earlier this year those workers not allowed to join KiwiSaver, or who chose not to, had to be paid less than workers who joined the scheme.

"Mr Mallard's law made employers pay twice. Employers that offered the equivalent of the employer KiwiSaver contributions in cash to employees who did not join the scheme had to pay again if the employee later changed their mind and joined.

"Employee protections are included in the new law ensuring a person's pay cannot be reduced."


ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>

ALSO:

Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>

ALSO:

Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>

ALSO:

By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>

ALSO: